Have big reservations about the proposal. Kava is basically a dead chain with 0 volume at a time when on-chain itself is trending down rapidly. Do not really understand what the point of launching here is and see it as a net negative as a start point for the project.
Also, can you give more clarity when you say the token will be listed on CEX? Which are targeting, many new tokens have done such but on low tier markets which again results in horrific PA as they were used as payment and dumped relentlessly. See TENET.
I could see this as a small test case (pseudo-launch) but KAVA is not a serious chain to be on and offers 0 value. Please consider launching on ETH or BASE.
Current proposal provide a 50% discount to kava foundetion in unlocked wagmi (4ml) compared to Kava (1.8ml). I suggest to add a Kava rewards for WAGMI-eth LP to 50,000 dollars in kava per month for 6 months (300k regardless the price) , in addition to the incetive kava alredy provide based on TVL .
This way, we can offer a good APR and bootstrapping liq in eth for 6 months without factoring in the incentives and the fees generated meanwhile.
This move will boost liquidity in the LP and help balance the value difference between WAGMI and Kava.
I’m highly against the proposed partnership with Kava Labs for several reasons. To start, it appears Wagmi would be paying a significant premium to place liquidity on what many consider a less active chain. Honestly, such a move would only be justifiable if it came as a grant or at a heavy discount. We should prioritize chains with the highest volume, adjusting Wagmi incentives for GMI accordingly. While I’m not completely opposed to branching out to smaller chains, such decisions should be predicated on establishing advantageous partnerships with other notable protocols, aggregators, or the foundational bodies of those chains. Let’s ensure we make moves that genuinely benefit us.
If we ever want to become a serious Competitor to Uniswap - like Dani said - we absolutely need to launch where we can siphon off the most amount of their Liquidity - which is - the ETH Mainnet.
There is no way in hell we can ever become a serious contender to Uniswap if we are based on some obscure Chain noone has ever heard of. It is just not going to happen.
So if Dani means serious bussiness in terms off us beating Uniswap, there is only one chain that makes sense launching on and will always be Ethereum.
Can the people that support the proposal articulate specific reasons why? I’m very against a 7-fig lopsided token exchange to launch on a chain with <0.1% of eth’s daily volume. I don’t see the upside and would appreciate an explanation
I don’t like launching on a ghost chain. Feel like ETH would be a better choice and THEN move to L1s and L2s. But let’s start from where volume is. I will vote no.
I’m not keen on starting with a ghost chain. I believe beginning with ETH would be more strategic, and then we can transition to L1s and L2s. We should kick off where the volume is. My vote is a no.
good morning, I’m Amarf, a degen investor, I wanted to have my say on the launch and proposal of kava. the exchange between kava and wagmi seems too much in favor of kava, the price was decided prematurely. How will the kava team use the tokens in addition to 2M’s liquidity? How will the other tokens be managed? How do they guarantee a listing in CEX?
the community is the one that will use the protocol and as we have seen the community does not accept kava as the first launch chain, perhaps it is better to opt for ethereum as the first launch at most one launch in both chains on the same day, for liquidity on ethereum you can make a share sale. give the community the opportunity to vote on how to launch and on which chain. kava is the only one to have proposed an exchange with the protocol therefore the promise is honored but with a revaluation of the exchange price and the evaluation of synchronous launch on ether or on an L2 like op or arb.
I don’t support this proposal. It’s only an opening offer. I think we ought to request premium partnership proposals from zkSync Era, LayerZero, Linea, and Base which have received fundraising of $450M, $293M, $700M, and $500M respectively. Maybe it’s possible to have Premier Partner, and Trusted Partner levels. Either both sides provide discounts, or neither side discounts. Also comparison ought to be across the board with the most important metrics. I think the best thing I heard from Daniele was that we need a spectacle event that draws lots of attention and a huge opportunity for Frogs. With capped liquidity pools (say max $2M,) then it won’t be a spectacle for bringing over liquidity. Also the point of low volume Bear Market means these caps could be even lower. So what do we want to incentivize to make a big spectacle and big opportunity for Frog Nation? MEV Bots and JIT are murdering returns for LPs on Uniswap V3… do we have any solution to that?
